BBC NEWS | World | Europe | Something rotten in state of Italy::
There was some progress in the early 1990s as Italy fought its way into the Finance Minister Tommaso Padoa-Schioppa forced through a belt-tightening
http://news.bbc.co.uk/1/hi/world/europe/7206817.stmHOME |
The Bank of Englands monetary policy committees decision to raise interest rates to dampen inflationary pressures in the UK economy has acted to encourage consumers to top up their savings accounts, it has been revealed.
The results of a survey conducted by independent financial advice website Unbiased suggest that the response of families to the increased cost of borrowing has been to tighten their fiscal belts.
Unbiaseds figures show consumers are taking advantage of the more attractive rates of interest offered by current account providers, with savings levels for the second quarter of 2007 exceeding £47 billion.
Meanwhile, just £4 billion worth of secured and unsecured debt was taken out by UK consumers from May to June this year - down almost £13 billion compared with the same quarter in 2006. This means there has been a significant realignment in Unbiaseds savings brake figures, which demonstrate the ratio of borrowing - not including mortgage debt - to savings.
Blair's legacy is a nation engulfed by debt - Telegraph::
Companies are forced to tighten their belts and they don't care if you are a It's not just individual Britons who are up to their ears in debt.
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2007/07/06/do0601.xmlHOME |
French target Brits abroad | This is Money::
Feb 7, 2006 It is catching more people as their assets rise in value past the €750000 (£535000) mark. Experts believe as many as 50000 Britons could be
http://www.thisismoney.co.uk/mortgages/article.html?in_article_id=406809&in_page_id=8HOME |
During the years second quarter, just eight pence was borrowed by the average UK consumer for every pound saved - comparing favourably with the 32 pence borrowed for every pound set aside in a bank saving account in the first three months of 2007.
With savings up by almost £10 billion on the same period last year, levels are now at the highest in the surveys six-year history. David Elms, chief executive of Unbiased, welcomed the news but cautioned that consumers should not rest on their laurels - especially as UK personal debt continues to rise.
Top of the flops - 10 pointers to a downturn in 2008 | Money | The ::
Jan 6, 2008 Just as the housing market looks vulnerable to the tightening of lending prompted by even after an enthusiastic bout of belt-tightening.
http://www.guardian.co.uk/money/2008/jan/06/foreigncurrency.globaleconomyHOME |
FT.com | Willem Buiter’s Maverecon::
In addition to the financial/fiscal burden imposed by the elderly, . have the right to refuse passengers who do not wish to tighten their seat belts.
http://blogs.ft.com/maverecon/category/religion/HOME |
It is extremely encouraging to see that savvy consumers are taking advantage of the recent rate hikes with previously unseen record levels of savings now taking place, he said.
Plus its even better that Britons appear to have tightened their belts and are approaching borrowing far more cautiously than in previous months.
Last quarter saw the savings brake ratio worryingly move back up above the 40 pence mark - a consequence of paying off Christmas debt - so its with relief that we see it fall by a staggering 24 pence in quarter two.
However we shouldnt take these figures for granted - its important to note that personal debt in the UK continues to rise and, as such, UK consumers should continue to be savvy when it comes to saving and spending their money.
The study draws on data supplied by the Bank of England and the British Bankers Association, as well as other sources.
 Nobody understands...any help please?
 50 points for someone willing to do this!!!!!!!!!!?
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Britons are Tightening Their Fiscal Belts